According to the U.S. Federal Reserve System, trade barriers
A) effectively protect jobs with little downside cost to the American consumer.
B) may save U.S. jobs, but are very costly to the consumer and taxpayer.
C) are more effective if the target market uses nontariff barriers.
D) usually help out the target country's balance of trade and current account standing.

Question

Quizplus · Accepted Answer

The U.S. Federal Reserve System states that while trade barriers may protect jobs in the United States, they come with significant costs for consumers and taxpayers. Therefore, option B is the most appropriate answer. Options A, C, and D are inaccurate, as they do not reflect the Federal Reserve's position on trade barriers.